Scholastic Corporation (SCHL) Short Interest Update
Scholastic Corporation (NASDAQ:SCHL) was the target of a large growth in short interest during the month of September. As of September 29th, there was short interest totalling 1,248,574 shares, a growth of 55.5% from the September 15th total of 802,692 shares. Based on an average trading volume of 279,967 shares, the short-interest ratio is presently 4.5 days. Approximately 4.2% of the shares of the stock are sold short.
Shares of Scholastic Corporation (SCHL) opened at 37.64 on Friday. Scholastic Corporation has a 52-week low of $33.51 and a 52-week high of $49.38. The firm has a 50 day moving average price of $38.06 and a 200-day moving average price of $41.34. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 47.71 and a beta of 0.73.
Scholastic Corporation (NASDAQ:SCHL) last posted its earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). The business had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. Scholastic Corporation had a return on equity of 3.57% and a net margin of 1.71%. The firm’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.15) earnings per share. Equities research analysts anticipate that Scholastic Corporation will post $1.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.59%. Scholastic Corporation’s payout ratio is presently 77.92%.
A number of institutional investors have recently bought and sold shares of SCHL. Wells Fargo & Company MN boosted its position in Scholastic Corporation by 1.3% during the 1st quarter. Wells Fargo & Company MN now owns 19,384 shares of the company’s stock valued at $824,000 after acquiring an additional 245 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Scholastic Corporation by 14.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,024 shares of the company’s stock valued at $895,000 after acquiring an additional 2,576 shares in the last quarter. First Trust Advisors LP boosted its position in Scholastic Corporation by 0.4% during the 1st quarter. First Trust Advisors LP now owns 43,333 shares of the company’s stock valued at $1,845,000 after acquiring an additional 158 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Scholastic Corporation by 41.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 6,499 shares of the company’s stock valued at $277,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Scholastic Corporation during the 1st quarter valued at approximately $484,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Friday, July 21st. BidaskClub lowered Scholastic Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $44.00 price objective on shares of Scholastic Corporation in a research report on Wednesday, August 16th.
About Scholastic Corporation
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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